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20121219
20121219
STATION
CNBC 5
KQED (PBS) 4
CNN 3
CNNW 3
KQEH (PBS) 3
KCSM (PBS) 2
KRCB (PBS) 2
LINKTV 2
WETA 2
WHUT (Howard University Television) 2
COM 1
WMPT (PBS) 1
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English 30
Search Results 0 to 31 of about 32 (some duplicates have been removed)
LINKTV
Dec 18, 2012 7:00pm PST
. before the upgrade, greece's rating had fallen to selective default, which meant it failed to pay on one or more of its obligations. now it was pushed upward to b minus. this shows that greece can meet its financial commitments. i spoke to the fellow at the peterson institute for international economics. >> i think was s&p is catching up to is the improved political goodwill in the rest of the euro area towards the greek economy. yesterday, greece got 34 billion euros as a quid pro quo for having implemented a long list of reforms and fiscal austerity. s&p as saying, we expect this money to continue to flow from up euro area. nd we expect thre greek government to continue to implement economic reforms in the future. >> does this upgrade change anything for grece in rea ?ce ter >> the greek exit from the euro area is an extremely unlikely event, precisely for the reason s&p outlined -- that the euro area has politically decided to keep greece in the euro area. this is not something that will make a big difference in the short term, but because it does not reflect a change in the domestic
PBS
Dec 18, 2012 7:00pm PST
is that the standard & poor's has upgraded greece's sovereign credit rating by six notches. the ratings agency cited the country's commitment to debt reduction and monetary injections by international lenders. s&p raised greece's credit rating on tuesday from selective default to b-minus. the new rating is still low and not suited to investment, but s&p officials say the outlook is stable. the greek government bought back sovereign bonds from commercial banks and the private sector earlier this month at prices lower than the face value. s&p officials praised the euro zone members' decision to provide greece with financial support. they say the upgrade reflects s&p's view that greece's neighbors are serious about keeping the country in the eurozone. >>> back here in japan the trade deficit came to about $11.3 billion in november, posting a red for a fifth month in a row. finance ministry officials say the figure is a record high for november. that's the third highest level since comparable records became available back in 1979. exports fell by 4.1% from a year earlier in yen terms. exports have falle
KCSMMHZ
Dec 19, 2012 2:30pm PST
for the indebted country. the u.s. ratings agency standard and poor's has upgraded greece's credit ratings. their best reading since june 2011. >> the agency they credited the eurozone strong support for greece, and it is committed to keeping athens in the currency. the upgrade comes after the successful creek by that program earlier this month. the former ceo of car maker porsche is facing charges of market manipulation relating to the company's attempt to buy volkswagen back in 2008. >> is accused of denying portion of's takeover plans, although the move was already under way. prosecutors say that had an impact on the share price, and investors were misled. the takeover ultimately failed, and portia was itself bought out by vw. -- porsche itself was bought out by volkswagen. >> 5, 4, 3, 2, 1, and lift off. >> on board are one american, one russian, and a canadian. it will take a crack about to be would days to reach the iss. -- it will take the craft about two days to reach the iss. vulcanologists in russia have been able to get a glimpse of a spectacular eruption in siberia. it began er
PBS
Dec 18, 2012 6:30pm PST
thursday. >> greece's international lenders say the deeply indebted nation deserves to keep getting funds for a bailout, but they continue to warn that there are very large risks that the greek economy could eventually collapse. >> the report from the european commission and european central bank comes as athens receives a long overdue installment of over 34 billion euros international aid on monday. lenders are concerned about growing political resistance to implement needed reforms. public-sector workers are calling for strikes on wednesday to protest. and the international monetary fund, which is also part of the troika of lenders to greece, has released 890 million euros in fresh bailout funds to ireland. the imf says the country is making good progress under its own two-year rescue program. >> ireland is proceeding with reforms to lower its deficit in spite of a slowdown in economic growth. the imf expects ireland's deficit to come under targets. in spite of calls to boost social spending in response to high unemployment. ireland's budget for next year and to reduce its deficit by ab
LINKTV
Dec 19, 2012 5:30am PST
. >> thank you very much, harry. greece is bracing for more public-sector strikes against government austerity measures. the rail system has ground to a halt. but there has been good news. rating agency standard and poor's upgraded greece's standing, making it much easier to borrow money in international markets. it is the second-biggest fine levied on a bank. switzerland that the ubs agreed to pay $1.5 billion in penalties. regulators in the u.s., u.k. and sorts when charged ubs and manipulating a key interest rate known as libor. >> his was person -- pervasive manipulation of global benchmark interest rates by dozens of staff across three continents. and the heavy fine reflects the regulator's concerns. the ubs chief executives said those of all but the extent of the fraud and bribes maybe revealed by further criminal investigations. in just one instance revealed by the u.k. financial services authority, ubs made corrupt payments of around $24,000 a quarter for 18 months to brokers to thank them for helping them manipulate the global industry. libor is used to price more than $350
CNBC
Dec 19, 2012 4:00am EST
the wires. we have quite a bit of support for the euro because of the s.a.p. upgrade on greece and the situation over there. we'll see also the way the market is reacting. let's have a quick look at what the dax is doing. it's been perky, up 0.15%. trading toward the 7,665 level. >> patricia, this comes at a time when people have been focusing on the strength of the euro. as we're over the 1.32 level you mentioned, certainly member countries would like to see a weaker currency. but as long as the surveys hold consistent with strength in the german economy, we're not likely to see that weakening. >> no. absolutely. and the more we get over the entire question will the euro break up or not, as long as that happens we will have some more support in the euro which is not bad if you think about the quantitative easing we've seen in the eurozone and also inflation. that could be the counterpart of the equation, that we still have money being pumped into the economies wheroe ouausterity is going on. we have a little pullback possibly going forward when it comes to the euro. then again
PBS
Dec 18, 2012 4:30pm PST
on europe's economic crisis: standard and poor's gave greece a better grade. it got upgraded to a "b-minus" from "selective default" thanks to reassurances that greece will stay in the eurozone. on wall street, the dow rose 115 points, the nasdaq gained almost 44, and the s&p added 16. our next guest says any reasonable fiscal cliff deal is better than no eal. he's robert doll, chief equity strategist and senior portfolio manager at nuveen asset management. >> susie: hi, bob. nice to see you again. >> thanks, susie. >> susie: so investors and traders really do seem to think that a deal is coming, like our previous guest, roger altman. is this rally all about hopes for a deal or something nore fundamental? >> it is about hope for a deal. the malaise and the lack of confidence and the uncertainty has been pervasive, as you well know, susie. that has held corporations back from doing things, from spending money, and some individuals as well. as roger said a few minutes ago, if we can clear the air with some sort of fiscal cliff deal, i think that does lift the opportunity for the econom
Comedy Central
Dec 18, 2012 6:55pm PST
greece, mi beating gandalf the grey. >> are you. and let's not get on to magneto. >> stephen: are you ever tempted when you were like, when are you playing gandalf and the orcs are coming at you are you attempted to use that magneto power and take their swords from them. >> no, gandalf is more powerful than magneto. >> stephen: could gandalf beat magneto. >> yes, every time. the old guy will do it every time, he is 7,000 years old. he knows it all. i love gandalf the grey. i love him. >> stephen: and i love you, ian mckellen. (cheers and applause) thank you so much, thank you so much, ian mckellen. the hobbit. we'll be right back. thank you sop much
CNN
Dec 18, 2012 4:00pm PST
to get it back? we know we don't want to end up like greece. the country is still struggling today. s&p upgraded greece's credit rating by six notches. >>> lauren rousseau was 30 years old. she had recently just landed a permanent substitute teacher position at sandy hook elementary. according to her family, she died doing what she loved. spending time and teaching children. her boyfriend tony says they had just celebrated their one-year anniversary together. he sat down with poppy harlow and talked about it. that must have been hard to talk to him, hard to hear him. what did he say? >> this is a guy the same age as me and his girlfriend, the same age as well. the way that tony was describing lauren in her obituary was the love of her life. they fell in love on their first date at a wine bar. that's when they shared their first kiss. these were just two peas in a pod, the way they described one another. you know, he told me he doesn't believe that it's real, that it's permanent, that she's going to come back. he's having a hard time processing that. the way he described it to me just
PBS
Dec 19, 2012 12:00am PST
a cliff, not greece, but lower growth on a sustained beats, you are talking about when you get up debt there, it can hold back your growth for decades there are other things you can do to make up for it, you can have innovation and other improvements but it is definitely problematic. you know, you start getting up at levels twice where we are, then i think it gets really dangerous, nobody knows where inbetween you really fall off a cliff. i thigh it is hyperbole to say that the united states is going to become greece but it is not hyperbole to compare us to japan and wonder if we get stuck in this slow growth quagmire. europe might be even more in danger of that. >> rose: okay. let's stop right there. do you think that we are at risk of getting stuck in the slow growth quagmire that japan got stuck in, the united states economy? >> well, i would say we are in a mild version of it now, and, you know, we need to do improvements and reforms. i don't think spending money is the solution. there are smart ways to spend it for sure, but i don't buy this idea that bigger keynesian stimulus wi
PBS
Dec 18, 2012 7:00pm PST
sebastian bach. >> oh john sebastian! you're playing your music like crazy and i'm listening to it in greece! what are you doing here? oh john! why aren't you home minding the children? i at least had some business in greece! i had a father that killed every phaedra! phaedra! phaedra! >> that scene actually keeps coming to mind as i try to follow the melodrama in washington that has us heading for a cliff. a fiscal cliff. but are we? or is this, another myth in the making? for some insight, we turn to two seasoned observers both of whose books you'll want to as santa to leave in your stocking. bruce bartlett was an economic adviser to the supply-side icon jack kemp, and to two presidents -- ronald reagan and the first george bush. he got into hot water with his conservative cohorts when he wrote a widely quoted book critical of the second president bush. his most recent work is "the benefit and the burden: tax reform-why we need it and what it will take." yves smith is the founder and editor of the popular blog naked capitalism. after 25 years in the financial services industry, she now head
CNBC
Dec 18, 2012 7:00pm EST
the brink. greece got upgraded today. who would have thought it. that is what the market is looking at. saying okay. it is not going to be the worst kcase sharcenario, but you coul extend the middle class tax cuts and be done with it. it is in a recession. >> and i think the market would not like that very much. everybody is expecting that you get the middle class tax cuts done. >> and if you can get china and europe doing better. it is hard to be terribly bearish on the u.s. >> y are going to stay with our politico expert. this is a rally that has surprised experts. it hasn't been that easy to be optimistic. >> it is. i think you have to be cautious here. the probability that this could fall apart is very, very real. >> so, you have to be careful up at these levels as a trader. i have low exposure up here. i have protection. that is how you have to play this market. stay with us please. >> yesterday it looked like washington was inching towards a deal. but today, plan b could be signaling differences. we have karen b and sara fagan herself a former political director. i know what it m
WETA
Dec 18, 2012 10:30pm EST
egypt, turkey, greece, and palestine, where jesus was born in the jewish land of dea, then rul b hy ng.kierod >> in judea, the king, herod, was in effect a client king. he ruled almost in place of rome. he was the... he was the voice of rome, the instrument of rome, probably "instrument of rome" is best in that, because he... he had his own independent notions certainly. >> herod the great was probably one of the greatest kings of the post-biblical period in israel, but you wouldn't want your daughter to date him. he was ambitious, brutal, extremely successful. >> and it is one of the real untold ironies of jewish history that this man, who... who's the guy you love to hate in jewish history, really, leaves the most indelible mark on the face of the land of israel. >> it appears that herod thought of jerusalem as his showpiece. he really wanted to make it a place where people would come, just as people would have gone to athens, or rome, or the great cities of the mediterranean world. >> narrator: a meticulously accurate model of ancient jerusalem shows the extraordinary scale of herod
CNBC
Dec 19, 2012 9:00am EST
the stand outout here is the euro. greece getting a five notch upgrade at the s&p. our road map this morning starts with gm. government motors no more. the treasury to exit its stake in the next 12 to 18 months, purchasing 2 million shares by the end of this month. >> another challenging quarter for fedex with the blame squarely on sandy. but the stock is up pre-market. >> oracle posts a strong quarter with even stronger guidance. the season rebound in europe. no impact from the fiscal cliff. >> and ge gets boosted from ubs's key call list on the weaker than expected macro environment. still on the list is including -- well tell you in a couple of minutes. >> general motors is up sharply in the pre-market session. the treasury department says it intends to sell the rest of its stakes in gm in the next 12 to 15 months. the automaker will buy back 200 million shares from treasury for $27.50 a share. treasury says it plans to sell its other remaining shares through various means in an orderly fashion. timothy masssad will join us later. this could be a buy signal with the government signaling i
FOX News
Dec 19, 2012 1:00pm PST
such as greece and portugals of the world, and you get 65 percent or 70 percent debt to g.d.p., it is a red flag and 95 95 percent, that is a problem but our number will be so gigantic it is hard to understand how question have a vibrant economy when we pay $1 trillion a year in interest. >>neil: the markets seem to fall the lack thereof of the talks. is that a sign they are worried? >>guest: the market is worried the market wants closure of the debt ceiling. they do nut want this part of negotiations. we saw what happened last year, disaster. whatever deal is cut, the most important thing for wall street is the debt ceiling debate goes away for a year or month. >>neil: i think speaker boehner speaking to reporters today on what his plans were, i want you to react. >> tomorrow the house will pass legislation to make permanent tax relief for nearly every american and the president will have a decision to make. he can call on senate democrats to pass that bill. or he can be responding for the largest tax increase in american history. >>neil: is this his way of saying, it is in your cart. >>guest:
CNBC
Dec 19, 2012 6:00pm EST
was supposed to vanish by this time with the secret sellers around the country. i thought greece was supposed to be kicked out of the union. instead, my advice, do what my charitable trust did today, buy european stocks. you know where else there's much more to come? yep, oh boy was this one a hated one coming into this year. yeah, you know what i'm talking about, china. how about that economy over there? after pausing because the government was busy whipping inflation, now, thank you, late gerald ford, now it's coming on strong. i think growth in china's accelera accelerating. the stock market might be the most undervalued in the world. the stock market entirely could be under valued. how many short sellers told you to do the opposite and sell that market? after the steam roller it's been of late, what exactly are the short sellers saying now? i don't know, i'm not hearing them clearly. i'm not listening. i'm not, no, i'm not hearing. europe and china both were supposed to slip into oblivion in 2012. that was the easiest story, everybody wrote it. turned out two fabulous places to invest. ho
CNBC
Dec 19, 2012 6:00am EST
of greece. we saw these up in the range of better than 8% earlier. now in the range of 5% to 8%. again, if you look at the levels, you see we're snapping up from low valuations generally speaking. it doesn't take a lot at 63 cents to get an 8% move. >>> quick look over here if you want to take a shot of the wall behind me. it is green for the most part. and greece's borse is one adding 2% today. we're seeing that reflected across the bond space. portugal for example seeing ten-year yields falling. same for spain and italy. the boreses and footy 100, the xetra dax, this has been the outperformer up in the range of 30%. another .3% after the ifo out of germany. came in better than expected. again, a good sign for growth. not necessarily, though, for those who would like to see a weaker europe. the ibex 35 adding 1.3%. and the nikkei, as you mentioned, up above 10,000 for the first time in eight months. adding 2.4%. better hope the moves in the japanese government or bank of japan pan out. we'll get the bank of japan's decision tomorrow. but this comes on the day when, remember, it's on t
Search Results 0 to 31 of about 32 (some duplicates have been removed)